fixed cost can become the variable coat because when the commodity meets so many competitors in the market it would become the variable cos in other for consumers to purchase it.
fixed cost can become the variable coat because when the commodity meets so many competitors in the market it would become the variable cos in other for consumers to purchase it.
Type your answer here... fixed cost + variable cost = total cost
Total Costs = Fixed Cost + Variable Cost soVariable Cost = Total Costs - Fixed Cost.
Total cost is determined by adding fixed costs and variable costs together. fixed cost + variable cost = total cost
Yes, the fixed cost become variable the more a given produce is produced. As the produce declines so does the variable as well.
The three types of cost you are referring to are Fixed, Semi Variable and Variable Costs. On a well though out COA the janitorial costs would fall under administrative costs. Thus fixed.
A simi-variable cost has both variable and fixed factors. An organization's telephone and electric costs are simi- variable. These costs are fixed. However, if more electricity is used, or more telephone calls are made in a given period, they become variable.
There are variable and fixed costs. Businesses can manipulate the variable costs, but they cannot change their fixed costs in business.
Labor cost can be fixed as well as variable. That labor which varies with changes in level of production then it is variable cost but if labor remain fixed then it is fixed cost.
No. Total cost includes fixed costs, too. Even Semi Variable costs include Fixed costs...??? So whats the difference?
fixed cost will not change with the change in output variable cost will change with chang in output
Variable Costs and fixed costs